Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Hold” from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has been given an average recommendation of “Hold” by the twenty-six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.14.

Several research analysts have weighed in on MBLY shares. Royal Bank of Canada lowered Mobileye Global from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $24.00 to $11.00 in a research report on Tuesday, October 15th. Fox Advisors downgraded Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. TD Cowen increased their target price on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th.

Mobileye Global Price Performance

Shares of MBLY stock opened at $16.76 on Friday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The stock’s 50-day moving average is $13.49 and its two-hundred day moving average is $19.52. The firm has a market cap of $13.59 billion, a P/E ratio of -4.59 and a beta of 0.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its holdings in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares in the last quarter. Quarry LP acquired a new stake in shares of Mobileye Global in the 3rd quarter valued at about $31,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global in the 2nd quarter valued at about $84,000. Natixis Investment Managers International acquired a new stake in shares of Mobileye Global in the 1st quarter valued at about $99,000. Finally, Quest Partners LLC acquired a new stake in shares of Mobileye Global in the 3rd quarter valued at about $102,000. 13.25% of the stock is currently owned by institutional investors.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.